BELFAST, Ireland—Ireland’s High Court has granted an emergency injunction to stop the Irish League of Credit Unions holding an election for its new president.
CU News From Around the Planet
JERUSALEM, Israel—This country’s banking system is currently not equipped to make credit available to poor and underserved populations, according to a study by the Milken Institute.
DUBLIN—Ireland’s credit unions are exploring a plan under which €4-billion would be made available to finance mortgages in this country, an amount that the Independent described as enough to put “put banks under serious competitive pressure.”
MONROVIA, Liberia — Nine months after suspending operations in this country due to a breakout of the Ebola virus, the World Council of Credit Unions is reporting it has revived its model credit union building project that aims to bank 40,000 Liberians previously without access to financial services.
LVIV, Ukraine — World Council of Credit Unions' board met here with leaders of its member organization, Ukrainian National Association of Savings and Credit Unions (UNASCU), seeking to better understand challenges facing that country’s credit unions.
DUBLIN, Ireland—A majority of adults in this country say that favor mergers of credit unions if it will provide enhanced products and services.
LONDON—Members of the U.K’s armed forces are being given a credit union as an alternative to using payday lenders. The U.K.’s Treasury is putting up £500,000—all from fines paid as part of the investigation over LIBOR violations—to get the credit union started.
DUBLIN, Ireland—An employee of a credit union here allegedly showed a member's father his confidential financial statements indicating the son's loans were in trouble, according to a case before this country’s High Court.
TORONTO--The Ontario Co-operative Association (On Co-op) held the fourth of six regional Co-op Connections conferences. More than 100 participants from 52 co-ops and organizations participated in the event, which filled the ground floor of the Centre for Social Innovation Annex on Bathurst Street.
ABERDEEN, Ireland—Ireland’s FCA is investigating a credit union here over whether an employee’s personal account was used to speed up payments for members.